Central Bank: The refinancing quota for technological innovation and technological transformation is 500 billion yuan, with an interest rate of 1.75% and two extensions
2024-04-07 03:02:59
The People's Bank of China has established technology innovation and technology renovation re loans to encourage and guide financial institutions to increase financial support for technology-based small and medium-sized enterprises, key areas of technology renovation and equipment renewal projects. The re loan amount for technological innovation and technological transformation is 500 billion yuan, with an interest rate of 1.75% and a term of 1 year. It can be extended twice, with each extension period of 1 year. The distribution targets include 21 financial institutions, including China Development Bank, policy banks, state-owned commercial banks, China Postal Savings Bank, and joint-stock commercial banks. The establishment of loans for technological innovation and technological transformation will help guide financial institutions to provide credit support to technology-based small and medium-sized enterprises in their start-up and growth stages, as well as digital, intelligent, high-end, and green technology transformation and equipment renewal projects in key areas, under the premise of independent decision-making and risk-taking.
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
